New Loan Funded!

2915 E 17th St, Panama City, FL 32405

Collateral:

2915 E 17th St, Panama City, FL 32405

Description:

Borrower requested a $91,000 fix and flip loan to purchase a $130,000 single family property in Panama City, Florida. Borrower intends to complete a $35,000 remodel with their own capital before aiming to sell for a profit. Renovations are primarily cosmetic, there was a permitted roof repair from the hurricane in 2019. The borrower is a licensed real estate broker, and has completed multiple recent projects within Panama City.

Collateral:

Lehigh, FL

Description:

Borrower requested a $110,000 loan to complete construction of a single-family property in Lehigh, Florida. The property features 4 bedrooms and 3 bathrooms, 2,152 square feet of living space, and a 2-car garage on a 0.25-acre lot. Borrower plans to lease the property for an annual rental after the renovation and refinance as an exit to the loan.

Collateral:

Type:

Sarasota, FL

Description:

The borrower is requesting an $800,000 loan to refinance a single-family property in Sarasota, Florida. The property features 4 bedrooms and 4 bathrooms with 4,600 square feet of living space across 2 stories. The home sits on a 7.32-acre lot with an inground pool. The borrower’s stated exit strategy is to refinance the property.

Collateral:

Lutz, FL & Multiple Collateral

Description:

This financing opportunity involves a $2.5 million lending request structured as two interest-only mortgages with a 2-year term and 12% fixed interest. The transaction includes a commercial acquisition loan supported by multiple commercial real estate assets, along with a separate residential refinance, resulting in a conservative overall loan-to-value ratio backed by substantial collateral. The primary exit strategy is to refinance the commercial property.